Where should I register a company selling SaaS worldwide?
- Thread starter tomwis
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Lol the dude MAYBE he's going to make 30k usd and you are suggesting trusts, holdings, hiring a manager and paying international accountants lol
Don't go to the big 4, they'll want all of those 30k just to set things up 😀
You talk about conflict of interests... are you an employee building this saas as side project and don't want your employer know?
Am I right? Care to explain more about this?
Is that or is more serious? i.e. government/state stuff?
Don't go to the big 4, they'll want all of those 30k just to set things up 😀
You talk about conflict of interests... are you an employee building this saas as side project and don't want your employer know?
Am I right? Care to explain more about this?
Is that or is more serious? i.e. government/state stuff?
With that small turnover I would rather look into some country or jurisdiction that still not make the UBO public. You could appoint nominees for that purpose, for instant Cyprus and UK still allow that.
Alternative you go the dark way (see mentor group) and you grow your business to finally switch it︀ to a better setup for you while you have money to pay professionals.
Alternative you go the dark way (see mentor group) and you grow your business to finally switch it︀ to a better setup for you while you have money to pay professionals.
Can't you do that with nominee shareholder and director any longer? Ownership can be split into 4 so no one owns more then 25% ?
You can use nominee shareholders yes, but if you're the indirect owner of more than 25% then no matter how many layers of "security" you use, you're a PSC and you need to disclose it to Companies House.
Failure to do so is a breach of the Companies Act 2006 (UK).
Failure to do so is a breach of the Companies Act 2006 (UK).
Sorry can't edit any more.
Now @Sols explained it extremely well, no matter what you will do in the end you privacy might leak publicly... and even if you can archive it will cost you a lot of money. (and if it leaks you might be very big trouble depending of the nature of your conflict of interest)
Since you have a very small turnover (with anything lower than 100k doesn't worth looking into becoming tax genius) and since you seem to accept the fact that you will be paying tax yes or yes (forget avbout 0% of couse but whatever your home country Corporate︀ Tax is because of anti-avoidance laws)
A possible solution would have been to use a︁ Swiss S.A (anonymous company) but it will cost you easily 15'000CHF / year
Not an︂ expert but maybe your best bet would be to have friend (a very very good︃ friend that you can trust) help you out and have this kind of structure:
Money -> Company A (own by your friend) -> (loan?) -> Company B (your company with︄ your name) -> invest somewhere
Getting the loan done of course will have to be︅ done via a professional accountant (or contract lawyer?) but since the loan is very simple︆ I don't even think you need a lawyer for this.
I'd love to have someone︇ criticise this setup. Would a Trust be better than a Company B ? Or would︈ there be an easier method for Company A to 'give' the money to @tomwis ? Can the Company A buy shares and donate them to Company B / Trust in︉ the name of @tomwis ?
Can Company A buy cryptocurrencies and give them to Company︊ B? Or maybe even directly to @tomwis ?
ps: In this stricture I really hope︋ your friend doesn't run with the money 🙂
Now @Sols explained it extremely well, no matter what you will do in the end you privacy might leak publicly... and even if you can archive it will cost you a lot of money. (and if it leaks you might be very big trouble depending of the nature of your conflict of interest)
Since you have a very small turnover (with anything lower than 100k doesn't worth looking into becoming tax genius) and since you seem to accept the fact that you will be paying tax yes or yes (forget avbout 0% of couse but whatever your home country Corporate︀ Tax is because of anti-avoidance laws)
A possible solution would have been to use a︁ Swiss S.A (anonymous company) but it will cost you easily 15'000CHF / year
Not an︂ expert but maybe your best bet would be to have friend (a very very good︃ friend that you can trust) help you out and have this kind of structure:
Money -> Company A (own by your friend) -> (loan?) -> Company B (your company with︄ your name) -> invest somewhere
Getting the loan done of course will have to be︅ done via a professional accountant (or contract lawyer?) but since the loan is very simple︆ I don't even think you need a lawyer for this.
I'd love to have someone︇ criticise this setup. Would a Trust be better than a Company B ? Or would︈ there be an easier method for Company A to 'give' the money to @tomwis ? Can the Company A buy shares and donate them to Company B / Trust in︉ the name of @tomwis ?
Can Company A buy cryptocurrencies and give them to Company︊ B? Or maybe even directly to @tomwis ?
ps: In this stricture I really hope︋ your friend doesn't run with the money 🙂
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